Is Rootstown, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rootstown has remained a Seller's Market.
Key Takeaway
Rootstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rootstown, OH
How much do homes in Rootstown, OH cost?
Median Sold Price
$205,000
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rootstown have sold for 13.1% less than they did a year ago.
Summary: The median home sold price in Rootstown was $205,000 in March 2024, down 13.1% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.8K | $158.5K | +5.8% |
| 3 Bedrooms | $210K | $210K | 0.0% |
| 4 Bedrooms | $347.4K | $201K | -42.1% |
| 5+ Bedrooms | $365K | $380K | +4.1% |
Summary: Rootstown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Rootstown Township | $260.5K | $249.5K | -4.2% |
| Atwater | $265K | $249.9K | -5.7% |
| Rootstown | $236K | $205K | -13.1% |
| Edinburg Township | $350K | $217.5K | -37.9% |
Housing Supply in Rootstown, OH
How many homes are available in Rootstown, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Summary: The Rootstown real estate market had 11 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rootstown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rootstown, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rootstown in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Rootstown, OH
How long does it take to sell a home in Rootstown, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 13 Days | -62.2% |
Summary: Homes in Rootstown had an average of 13 days on market in Mar 2024, down by 62.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rootstown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Rootstown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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